3 PIOs among 50 richest people in Africa – Forbes Magazine

According to a list released by Forbes magazine, three persons of Indian-origin are among the 50 richest people in Africa. It says rising stock prices and new business deals are creating more billionaires in the continent.

Vimal Shah, Sudhir Ruparelia and Naushad Merali figure in the list which has been topped by Aliko Dangote who has a networth of 20.8 billion dollar and is the largest cement manufacturer in sub-Saharan Africa.

Shah is a newcomer on the list and ranks 18 with a networth of 1.6 billion dollar as of November 2013.